Chemical Company of Malaysia Berhad Annual Report 2019

Amounts in RM’000 unless otherwise stated  Group  Company Note 2019 2018 2019 2018 Cash flows from operating activities (continued) Operating profit/(loss) before changes in  working capital (brought forward) 55,008 89,387 (5,412) 8,504 Reversal of impairment loss on: - Trade receivables (1,674) (4,551) - - - Investments in subsidiaries - - - (7,736) - Amount due from subsidiaries - - (1,980) (9,727) - Provision for obsolete stocks 12 (1,023) - - - Share of profit of equity-accounted associate,  net of tax (1,716) (1,510) - - Write-down of inventories to net realisable value 12 - 1,337 - - Property, plant and equipment written off 3 336 304 - - Intangible assets written off 6 - 63 - 63 Unrealised foreign exchange loss/(gain) 1,777 353 (139) 201 Operating profit/(loss) before changes in  working capital 52,708 85,383 (7,531) (8,695) Change in inventories 4,944 8,282 - - Change in trade and other payables 17,120 (44,617) (3,370) (26,903) Change in trade and other receivables 12,956 48,855 7,652 28,030 Cash generated from/(used in) operations 87,728 97,903 (3,249) (7,568) Finance costs paid (9,213) (19,657) (5,924) (16,750) Profit income received 3,974 5,956 1,046 3,669 Income taxes paid (15,152) (19,875) (855) (1,337) Income taxes refunded 8,701 244 1,967 - Net cash generated from/(used in) operating  activities 76,038 64,571 (7,015) (21,986) | Statements of Cash Flows |   for the Year Ended 31 December 2019 (continued) 126 CHEMICAL COMPANY OF MALAYSIA BERHAD